Mikang Kim, QKA
Senior 401(k) Compliance Manager, Betterment for Business
Mikang has been overseeing the operational aspects of annual compliance and overall plan administration for 401(k) plans. She has experience in retirement wealth management and holds credentials under ASPPA. She desires to ease and simplify 401(k) administration under a heavily regulated industry for employers and its employees.
Articles written by Mikang
Everything You Need to Know About 401(k) Blackout Periods
Maybe you’ve heard of a 401(k) blackout period, but if you don’t know exactly what it is or how to explain it to your employees, read on.
401(k) Required Minimum Distributions (RMDs) now start at age 72
In exchange for all of the tax advantages 401(k)s provided during your accumulation years, by law, you will need to start taking distributions from your account when you turn 72.
SECURE Act 2.0: What it means for 401(k) Plans
SECURE Act 2.0 expands retirement plan coverage and makes it easier for employers to offer retirement plan benefits.
Did Your 401(k) Plan Fail Its Compliance Test?
After another busy 401(k) compliance season, we sat down with Mikang Kim, Senior 401(k) Compliance Manager at Betterment, to get her perspective on plan failures: why they happen, what a plan sponsor can do about them, and how to decrease the likelihood of failing going forward.
Related Companies and Controlled Groups: What this means for 401(k) plans
When companies are related, how to administer 401(k) plans will depend on the exact relationship between companies and whether or not a controlled group is deemed to exist.
SECURE Act: Eligibility Requirement Changes for Part-Timers
The SECURE Act of 2019 seeks to expand retirement plan coverage for U.S. workers. One of the Act’s provisions changes 401(k) eligibility requirements for part-time employees.
The Importance and Benefits of Offering Employer Match
Some employees resist saving because they feel retirement is too far away, can’t afford it, or can’t grasp the benefit. You can help change that mentality by offering a 401(k) employer match.
Understanding 401(k) Compensation
Using an incorrect definition of compensation is on the top ten list of mistakes the IRS sees in voluntary correction filings.
True-Ups: What are they and how are they determined?
You've been funding 401(K) matching contributions, but you just learned you must make an additional “true-up” contribution. What does this mean and how was it determined?
Pros and Cons of Safe Harbor and Traditional 401(k) Plans
Both types of plans can successfully help employees save for retirement, but each has its pros and cons. Learn which type of plan might be better for your organization.